This figure marks a significant increase over the previous year, when Municipal Automobile Renting Tax collection stood at $241.
The Municipal Automobile Renting Tax in Illinois is a tax imposed on automobile rentals within certain municipalities. The specifics of this tax, including its rate, vary by location. Typically, it's calculated as a percentage of the rental price. Rental companies are responsible for collecting this tax from customers and remitting it to the municipality. The revenue generated from this tax is generally used to support local infrastructure, transportation projects, and other municipal services.
A 2025 WalletHub study found that Illinois has the highest overall taxes in the U.S., with rates more than 50% higher than the national average. The study estimates that a median household in Illinois pays an effective tax rate of 16.58%, or about $13,099 per year.
Year | Amount Collected | % Change from Previous Year |
---|---|---|
2024 | $327 | 35.7% |
2023 | $241 | 70.9% |
2022 | $141 | -2.1% |
2021 | $144 | 1.4% |
2020 | $142 | -4.7% |
2019 | $149 | -31% |
2018 | $216 | - |